Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the signing of a credit facility agreement (Sharia compliant) with Banque Saudi Fransi.

Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the signing of a credit facility agreement (Sharia compliant) with Banque Saudi Fransi.

|Element List||Explanation|

|Introduction||Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the signing of a Sharia compliant credit facility agreement with Banque Saudi Fransi amounting to SAR 300 million.|

|Date of obtaining the funding||2023-06-14 Corresponding to 1444-11-25|

|Financing entity||Banque Saudi Fransi|

|Financing amount.||SAR 300 million.|

|Financing duration.||Long-term facilities for 5 years|

|Guarantees offered for the financing||Promissory note.|

|Financing objective||The purpose of these Long-term facilities is for Balance Sheet restructuring.|

|Related Parties||None|

|Additional Information||None|